trending Market Intelligence /marketintelligence/en/news-insights/trending/c1tkq_wsbiq4a0ynhrcgaq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Moody's: Bank of the Philippine Islands' planned rights issue is credit positive

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Moody's: Bank of the Philippine Islands' planned rights issue is credit positive

Bank of the Philippine Islands' plan to conduct a stock rights offering to raise up to 50 billion pesos is credit positive for the lender, Moody's said.

The rating agency said March 22 that the rights issue would add about 380 basis points to the bank's common equity Tier 1 ratio, which clocked in at 11.8% as of December 2017. The additional capital would bring the lender's CET1 ratio above the regulatory minimum of 10% after considering the buffer for domestic systemically important banks.

On March 16, Bank of the Philippine Islands received approval from the Philippine Stock Exchange to offer up to 600 million common stock to eligible shareholders. The lender said it will utilize the new capital to finance loan growth in its growth segments, such as consumer, small and midsize enterprises and microfinance, as well as finance investments in digitalization and branch expansion.

Moody's expects the capital raising to be enough to aid the bank's credit growth of approximately 20% until 2020, after which its CET1 ratio will drop to 12% to 13% as the growth of risk-weighted assets outpaces the growth of retained earnings. The decline may result in the lender needing to raise new capital as its internal capital generation capacity lags behind its credit growth.

The price of the offering, which is expected to be completed by early May, is yet to be determined.

As of March 21, US$1 was equivalent to 52.18 Philippine pesos.